Carnival Corporation $CCL Stock Position Cut by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in Carnival Corporation (NYSE:CCL) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,629,420 shares of the company’s stock after selling 62,073 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.20% of Carnival worth $64,526,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Carnival by 5.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 15,904,029 shares of the company’s stock valued at $411,372,000 after buying an additional 834,885 shares during the period. Amundi grew its holdings in shares of Carnival by 67.3% in the second quarter. Amundi now owns 6,770,304 shares of the company’s stock worth $193,428,000 after acquiring an additional 2,723,171 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Carnival by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 5,608,651 shares of the company’s stock worth $145,152,000 after acquiring an additional 278,758 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Carnival by 11.4% in the second quarter. Assenagon Asset Management S.A. now owns 4,687,038 shares of the company’s stock worth $133,909,000 after acquiring an additional 480,097 shares during the period. Finally, Hound Partners LLC increased its position in Carnival by 27.9% during the first quarter. Hound Partners LLC now owns 4,514,839 shares of the company’s stock valued at $116,844,000 after acquiring an additional 985,772 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Morgan Stanley increased their target price on Carnival from $31.00 to $32.50 and gave the company an “overweight” rating in a report on Tuesday, September 29th. Truist Financial boosted their price target on Carnival from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, July 23rd. Stifel Nicolaus cut their price target on Carnival from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, September 16th. Jefferies Financial Group reduced their price target on shares of Carnival from $35.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, September 23rd. Finally, Barclays lowered their price objective on shares of Carnival from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Carnival presently has an average rating of “Moderate Buy” and a consensus target price of $34.16.

Carnival Stock Down 2.9%

CCL opened at $29.18 on Wednesday. The stock has a market cap of $39.23 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 1.28 and a beta of 2.48. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.23 and a current ratio of 0.27. The firm’s fifty day moving average is $25.01 and its 200 day moving average is $27.11. Carnival Corporation has a fifty-two week low of $21.45 and a fifty-two week high of $34.03.

Carnival (NYSE:CCL) last issued its quarterly earnings results on Tuesday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. Carnival had a return on equity of 24.83% and a net margin of 11.37%. The business had revenue of $8.44 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same quarter in the prior year, the business posted $1.43 EPS. Carnival’s revenue for the quarter was up 3.5% compared to the same quarter last year. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. On average, sell-side analysts forecast that Carnival Corporation will post 2.26 earnings per share for the current fiscal year.

Carnival Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 6th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, November 6th. Carnival’s dividend payout ratio (DPR) is 26.20%.

Insider Transactions at Carnival

In related news, Director Helen Deeble sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $27.75, for a total value of $693,750.00. Following the transaction, the director directly owned 63,505 shares of the company’s stock, valued at approximately $1,762,263.75. The trade was a 28.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.90% of the company’s stock.

Carnival Company Profile

Carnival Corporation & plc (NYSE: CCL) is one of the world’s largest leisure travel and cruise companies. It operates cruise lines that provide vacation travel, onboard entertainment, dining, accommodations, recreational activities and shore excursions. The company’s brands serve a broad range of travelers, from mainstream and contemporary vacationers to premium and luxury guests.

Carnival’s portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, Costa Cruises, AIDA Cruises, P&O Cruises UK and P&O Cruises Australia.